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Facebook won't burn to the ground. Best case scenario is that companies like Facebook start looking at data security and privacy as assets that factor heavily
by dawg- 7y ago
Facebook won't burn to the ground.
Best case scenario is that companies like Facebook start looking at data security and privacy as assets that factor heavily into their competitiveness in their industry. If they aren't as secure or privacy-forward as their competitors, it will lose them business, and not just on the user side. Apple seems to have realized this earlier than most, hence their latest marketing campaign.
Losing huge business partners due to privacy concerns over the business model will hopefully be a big wake-up call.
- JohnFen 7y ago> companies like Facebook start looking at data security and privacy as assets that factor heavily into their competitiveness in their industry. Companies like Facebook have a business model problem with this, though. Their business model absolutely depends on violating people's privacy. It's hard to see how they can factor privacy into things without entirely changing how they make money.
- ryan93 7y agoHow are they violating privacy. Their service exists because people opt in to it.
- jimktrains2 7y agoExcept when someone hasn't opted in or they otherwise allow more access than they claim.
- JohnFen 7y agoThey gather information about me and my use of my machines even though I don't use their services and haven't given consent. That's violating my privacy. In fact, I consider it straight-up spying (I define "spying" as gathering information about me without my informed consent).
- myrion 7y agoCan Facebook do that while Zuckerberg is involved though? And do it credibly? Personally, I don't think so but it's still a big win if they do, so I'm mostly fine with either outcome
- rainyMammoth 7y agoThis would go against the culture of the company. And going against the culture is SUCH a difficult thing that I would almost say it's impossible. The culture of Facebook right now is a dumpster fire of making money out of ads at any cost and disregard anything else. The majority of their employees are in their mid twenties and are mainly and almost only motivated by money. Even the VPs are cynical caricatures of an ultra capitalist world with no concern for anything ethical. Good luck on changing the culture to start worrying about security. It would require at least a complete overhaul of all the execs.
- dawg- 7y agoI agree completely. The only way they embrace change is when it impacts their bottom line. Visa and Mastercard are citing privacy and security as a reason they are not going to work with Facebook. That kind of thing will lose them money in the long run, and the only hope is that they realize the competitive advantage of prioritizing security.
- jvagner 7y agoI wonder though.. was just musing this morning about when Facebook might have its AOL- or MySpace- trajectory. Of course, they're a far healthier economic entity, a better managed and more internationally entrenched platform... but, as someone without a Facebook account anymore, I certainly hold a glimmer of hope that all of these platforms can dig their own graves, if they're not careful.
- leetcrew 7y agoI think a key difference between AOL and Facebook is that Facebook actually respects the threat of new competitors. if they feel sufficiently threatened, they will just buy the company. so Facebook the product could certainly die, but the company probably has enough money at this point to keep buying competitors in its space and profiting from their products.
- dang 7y agoWe detached this (fine) comment from https://news.ycombinator.com/item?id=21135821 https://news.ycombinator.com/item?id=21135821.